Oilseeds, soyoil steady as strong rupee weighs
date:Jan 30, 2013
Oilseeds and soyoil futures were treading water on Tuesday as weak demand and a strong rupee outweighed gains in overseas prices.

A strong rupee makes edible oil imports cheaper and at the same time trims returns of oilmeal exporters. The rupee was trading at 53.64/65 to the dollar versus its previous close of 53.91/92.

As of 0817 GMT, Malaysian palm oil futures were up 1.43 per cent at 2,480 ringgit per tonne, while U.S. soybeans eased 0.16 per cent to $14.45-1/2 per bushel, after rising 0.
1/4 next page prev page home page last page
go back |  refresh |  WAP home |  Web page version  | login
07/09 06:47